Wilson Asset Management International PTY Ltd. Has $5.03 Million Stake in Fortinet, Inc. $FTNT

Wilson Asset Management International PTY Ltd. lessened its position in shares of Fortinet, Inc. (NASDAQ:FTNT) by 33.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,309 shares of the software maker’s stock after selling 31,691 shares during the quarter. Fortinet comprises about 1.3% of Wilson Asset Management International PTY Ltd.’s investment portfolio, making the stock its 24th largest position. Wilson Asset Management International PTY Ltd.’s holdings in Fortinet were worth $5,027,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Fortinet by 4.0% during the third quarter. Vanguard Group Inc. now owns 75,581,275 shares of the software maker’s stock valued at $6,354,874,000 after acquiring an additional 2,894,355 shares during the period. State Street Corp lifted its holdings in Fortinet by 1.6% in the third quarter. State Street Corp now owns 29,660,558 shares of the software maker’s stock valued at $2,493,860,000 after buying an additional 477,397 shares during the period. Invesco Ltd. lifted its holdings in Fortinet by 17.0% in the third quarter. Invesco Ltd. now owns 10,816,519 shares of the software maker’s stock valued at $909,453,000 after buying an additional 1,568,337 shares during the period. First Trust Advisors LP lifted its holdings in Fortinet by 30.9% in the third quarter. First Trust Advisors LP now owns 7,575,662 shares of the software maker’s stock valued at $636,962,000 after buying an additional 1,790,033 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in Fortinet by 2.9% in the third quarter. Nordea Investment Management AB now owns 6,922,031 shares of the software maker’s stock valued at $586,781,000 after buying an additional 195,896 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FTNT. Stifel Nicolaus set a $85.00 price objective on shares of Fortinet in a report on Wednesday, March 11th. Robert W. Baird set a $90.00 price objective on shares of Fortinet in a report on Friday, February 6th. Cantor Fitzgerald restated a “neutral” rating and issued a $87.00 price objective on shares of Fortinet in a report on Tuesday, April 21st. Jefferies Financial Group set a $90.00 target price on Fortinet in a research note on Friday, February 6th. Finally, Wedbush reissued an “outperform” rating and issued a $90.00 target price on shares of Fortinet in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, twenty-one have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $88.38.

Fortinet Trading Up 0.8%

FTNT opened at $89.92 on Wednesday. The firm’s fifty day moving average is $82.03 and its two-hundred day moving average is $81.76. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.17. The firm has a market cap of $65.83 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 3.06 and a beta of 0.92. Fortinet, Inc. has a twelve month low of $70.12 and a twelve month high of $108.77.

Fortinet (NASDAQ:FTNT) last posted its earnings results on Thursday, February 5th. The software maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.07. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.86 billion. Fortinet had a net margin of 27.26% and a return on equity of 124.21%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the business posted $0.74 earnings per share. Fortinet has set its Q1 2026 guidance at 0.590-0.630 EPS and its FY 2026 guidance at 2.940-3.000 EPS. Equities research analysts anticipate that Fortinet, Inc. will post 2.63 EPS for the current year.

Insider Buying and Selling at Fortinet

In other Fortinet news, VP Michael Xie sold 2,478 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $88.89, for a total value of $220,269.42. Following the sale, the vice president directly owned 9,927,517 shares in the company, valued at approximately $882,456,986.13. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ken Xie sold 5,355 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $88.90, for a total value of $476,059.50. Following the sale, the chief executive officer directly owned 52,978,004 shares in the company, valued at approximately $4,709,744,555.60. This represents a 0.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 18.00% of the company’s stock.

About Fortinet

Fortinet, Inc (NASDAQ: FTNT) is a multinational cybersecurity company that develops and delivers integrated security solutions for enterprise, service provider and government customers worldwide. Founded in 2000 and headquartered in Sunnyvale, California, the company was co‑founded by Ken Xie and Michael Xie. Ken Xie serves as chairman and chief executive officer, and the company operates through a global sales, channel and services organization to support customers across the Americas, EMEA and Asia‑Pacific.

Fortinet’s product portfolio centers on network security appliances and software, with its FortiGate next‑generation firewalls and the FortiOS operating system forming a core platform.